Common use of Exceptional Circumstances Clause in Contracts

Exceptional Circumstances. The Recipient agrees that: (a) The Federal Government may require another method of valuation to be used to determine the fair market value of real property funded under the Project withdrawn from service, (b) In unusual circumstances, the Recipient may request permission to use another reasonable valuation method including, but not limited to: 1 Accelerated depreciation, 2 Comparable sales, or 3 Established market values, and (c) In determining whether to approve such a request under section 21.i(3)(b) of this Master Agreement, the Federal Government may consider any:

Appears in 6 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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